Common use of Obligations Constitute Senior Secured Debt Clause in Contracts

Obligations Constitute Senior Secured Debt. The Obligations constitute first-priority senior secured indebtedness of the Borrower Parties and there is no other Funded Debt that ranks senior in right of payment to the Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Fluent, Inc.), Credit Agreement, Credit Agreement (Cogint, Inc.)

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Obligations Constitute Senior Secured Debt. The Obligations constitute first-first- priority senior secured indebtedness of the Borrower Parties and there is no other Funded Debt that ranks senior in right of payment to the Obligations.

Appears in 2 contracts

Samples: Possession Credit Agreement, Possession Credit Agreement

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